Announcement • Jan 09
2020 Bulkers Ltd. Approves Dividend for the Month of December 2025, Payable on or About January 23,2026 2020 Bulkers Ltd. Approves dividend of USD 0.23 for the month of December 2025. Date of approval: January 8, 2026, Last day including right: January 14, 2026, Ex-date: January 15, 2026, Record date: January 16, 2026, Payment date: On or about January 23, 2026. Announcement • Dec 04
2020 Bulkers Ltd., Annual General Meeting, May 12, 2026 2020 Bulkers Ltd., Annual General Meeting, May 12, 2026. Announcement • Jul 10
2020 Bulkers Ltd. Approves A Dividend for June 2025, Payable On or about July 23, 2025 The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.16 per share for June 2025. Date of approval: July 7, 2025. Last day including right: July 14, 2025. Ex-date: July 15, 2025. Record date: July 16, 2025. Payment date: On or about July 23, 2025. Announcement • Jun 13
2020 Bulkers Ltd. Approves A Dividend for May 2025, Payable on or About June 25, 2025 The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.11 per share for May 2025. Date of approval: June 10, 2025. Last day including right: June 16, 2025. Ex-date: June 17, 2025. Record date: June 18, 2025. Payment date: on or about June 25, 2025. Announcement • Apr 08
2020 Bulkers Ltd. Approves A Dividend for March 2025, Payable on or About April 28, 2025 The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.06 per share for March 2025. Date of approval: April 7, 2025. Last day including right: April 14, 2025. Ex-date: April 15, 2025. Record date: April 16, 2025. Payment date: On or about April 28, 2025. Announcement • Feb 12
2020 Bulkers Ltd. Approves Dividend for January 2025, Payable on or About February 26, 2025 The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.03 per share for January 2025. Date of approval: February 11, 2025, Last day including right: February 17, 2025, Ex-date: February 18, 2025, Record date: February 19, 2025 and Payment date: On or about February 26, 2025. Announcement • Jan 09
2020 Bulkers Ltd. Approves Dividend for December 2024, Payable on or About January 24, 2025 The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.05 per share for December 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: January 8, 2025, Last day including right: January 15, 2025, Ex-date: January 16, 2025, Record date: January 17, 2025 and Payment date: On or about January 24, 2025. Announcement • Nov 20
2020 Bulkers Ltd., Annual General Meeting, May 06, 2025 2020 Bulkers Ltd., Annual General Meeting, May 06, 2025. Announcement • Oct 09
2020 Bulkers Ltd. Approves Dividend for September 2024, Payable on or About October 25, 2024 2020 Bulkers Ltd. has approved a dividend of USD 0.20 per share for September 2024. Date of approval: October 07, 2024. Ex-date: October 17, 2024. Record date: October 18, 2024. Payment date: On or about October 25, 2024. Announcement • Sep 11
2020 Bulkers Ltd. Approves Dividend for the Month of August 2024, Payable on or About September 25, 2024 2020 Bulkers Ltd. has approved a dividend of USD 0.17 per share for August 2024. Date of approval: September 10, 2024. Ex-date: September 17, 2024. Record date: September 18, 2024. Payment date: On or about September 25, 2024. Announcement • Aug 14
2020 Bulkers Ltd. Approves Dividend for July 2024, Payable on or About August 28, 2024 2020 Bulkers Ltd. approved a dividend of USD 0.20 per share for July 2024. Ex-date: August 20, 2024, Record date: August 21, 2024, Payment date: On or about August 28, 2024. Announcement • Jul 09
2020 Bulkers Ltd. Approves Dividend for June 2024, Payable on or About July 24, 2024 The board of 2020 Bulkers Ltd. has approved a dividend of USD 0.20 per share for June 2024. Ex-date is July 16, 2024. Record date is July 17, 2024. Payment date is on or about July 24, 2024. Announcement • May 09
2020 Bulkers Ltd. Approves Dividend for April 2024, Payable on or About May 24, 2024 The board of 2020 Bulkers Ltd. has approved a dividend of USD 0.14 per share for April 2024. Ex-date is May 15, 2024. Record date is May 16, 2024. Payment date is on or about May 24, 2024. Announcement • Apr 10
2020 Bulkers Ltd. Approves Special Dividend, Payable on or About April 24, 2024 2020 Bulkers Ltd. Board of Directors have approved a special dividend of USD 1.68 per share (USD 38,423,122 in total). Date of approval is April 8, 2024; Last day including right is April 15, 2024; Ex-date is April 16, 2024; Record date is April 17, 2024; Payment date is On or about April 24, 2024. Announcement • Apr 09
2020 Bulkers Ltd. Approves Dividend for March 2024, Payable on or About April 24, 2024 2020 Bulkers Ltd. Board has approved dividend for March 2024 consists of a dividend of USD 0.11 per share based on earnings for March 2024. Date of approval is April 8, 2024; Last day including right is April 15, 2024; Ex-date is April 16, 2024; Record date is April 17, 2024; Payment date is On or about April 24, 2024. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.10 per share at 12% yield Eligible shareholders must have bought the stock before 21 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of British dividend payers (6.1%). Lower than average of industry peers (17%). Reported Earnings • Feb 12
Full year 2023 earnings released: EPS: US$1.13 (vs US$1.44 in FY 2022) Full year 2023 results: EPS: US$1.13 (down from US$1.44 in FY 2022). Revenue: US$69.7m (down 8.4% from FY 2022). Net income: US$25.6m (down 20% from FY 2022). Profit margin: 37% (down from 42% in FY 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Declared Dividend • Feb 10
Dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 21st February 2024 Payment date: 29th February 2024 Dividend yield will be 6.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 25% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 07
2020 Bulkers Ltd. Approves Dividend for the Month of January 2024, Payable on or About February 29, 2024 2020 Bulkers Ltd. announced that Board has approved a dividend of USD 0.10 per share for January 2024. Ex-date is February 21, 2024. Record date is February 22, 2024. Payment date is On or about February 29, 2024. Announcement • Jan 09
2020 Bulkers Ltd. Approves Dividend for December 2023, Payable on or about January 31, 2024 The Board of 2020 Bulkers Ltd. has approved a dividend of USD 0.21 per share for December 2023. Ex-date is January 23, 2024. Record date is January 24, 2024. Payment date is on or about January 31, 2024. Announcement • Dec 08
2020 Bulkers Ltd. Approves Cash Distribution. Payable on or About January 4, 2024 The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.18 per share for November 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: December 21, 2023. Record date: December 22, 2023. Payment date: On or about January 4, 2024. Announcement • Nov 08
2020 Bulkers Ltd. Approves Cash Distribution for October 2023, Payable on or About November 30, 2023 2020 Bulkers Ltd. approved a cash distribution of USD 0.2 per share for October 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date is November 21, 2023, Record date is November 22, 2023 and payment date On or about November 30, 2023. Announcement • Oct 10
2020 Bulkers Ltd. Approves Cash Distribution for September 2023, Payable on or About October 31, 2023 2020 Bulkers Ltd. announced the board has approved a cash distribution of USD 0.05 per share for September 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is October 9, 2023. Last day including right is October 23, 2023. Ex-date is October 24, 2023. Record date is October 25, 2023. Payment date is on or about October 31, 2023. Announcement • Sep 08
2020 Bulkers Ltd. Approves Cash Distribution for August 2023, Payable on or about September 29, 2023 2020 Bulkers Ltd. announced that the Board has approved a cash distribution of USD 0.03 per share for August 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: September 20, 2023. Record date: September 21, 2023. Payment date: On or about September 29, 2023. Upcoming Dividend • Aug 15
Upcoming dividend of US$0.04 per share at 14% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of British dividend payers (6.1%). Lower than average of industry peers (17%). Announcement • Aug 09
2020 Bulkers Ltd. Approves Cash Distribution for July 2023, Payable on or About August 31, 2023 2020 Bulkers Ltd. announced that Board has approved a cash distribution of USD 0.04 per share for July 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is August 7, 2023. Last day including right is August 21, 2023. Ex-date is August 22, 2023. Record date is August 23, 2023. Payment date is On or about On or about August 31, 2023. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 14
Upcoming dividend of US$0.04 per share at 14% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 31 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of British dividend payers (6.1%). Lower than average of industry peers (16%). Announcement • Jul 12
2020 Bulkers Ltd. Has Approves Cash Distribution for June 2023, Payable on or About July 31, 2023 2020 Bulkers Ltd. has approved a cash distribution of USD 0.04 per share for June 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval is July 10, 2023. Last day including right is July 20, 2023. Ex-date is July 21, 2023. Record date is July 24, 2023. Payment date is On or about July 31, 2023. Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 15
Upcoming dividend of US$0.08 per share at 14% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of British dividend payers (5.8%). Lower than average of industry peers (17%). Announcement • Jun 09
2020 Bulkers Ltd. Approves Cash Distribution for May 2023, Payable on or About June 30, 2023 The Board of 2020 Bulkers Ltd. has approved a cash distribution of $0.08 per share for May 2023. The distribution will be made from the Company's ContributedSurplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Date of approval: June 7, 2023. Ex-date: June 22, 2023. Record date: June 23, 2023. Payment date: On or about June 30, 2023. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 16
Upcoming dividend of US$0.07 per share at 13% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 31 May 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 13%. Within top quartile of British dividend payers (5.8%). Lower than average of industry peers (18%). Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.04 (vs US$0.27 in 1Q 2022) First quarter 2023 results: EPS: US$0.04 (down from US$0.27 in 1Q 2022). Revenue: US$12.6m (down 25% from 1Q 2022). Net income: US$800.0k (down 86% from 1Q 2022). Profit margin: 6.3% (down from 35% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Europe. Announcement • May 10
2020 Bulkers Ltd. Approves \Cash Distribution for April 2023, Payable on or About May 31, 2023 2020 Bulkers Ltd. announced that Board has approved a cash distribution of USD 0.07 per share for April 2023. Date of approval is May 9, 2023. Ex-date is May 23, 2023. Record date is May 24, 2023. Payment date: On or about May 31, 2023. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: US$1.44 (vs US$3.19 in FY 2021) Full year 2022 results: EPS: US$1.44 (down from US$3.19 in FY 2021). Revenue: US$76.1m (down 33% from FY 2021). Net income: US$31.9m (down 55% from FY 2021). Profit margin: 42% (down from 62% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Upcoming Dividend • Mar 14
Upcoming dividend of US$0.01 per share at 14% yield Eligible shareholders must have bought the stock before 21 March 2023. Payment date: 30 March 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 85% respectively. Trailing yield: 14%. Within top quartile of British dividend payers (5.9%). In line with average of industry peers (14%). Board Change • Feb 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.01 per share at 14% yield Eligible shareholders must have bought the stock before 20 February 2023. Payment date: 28 February 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 85% respectively. Trailing yield: 14%. Within top quartile of British dividend payers (5.5%). In line with average of industry peers (14%). Reported Earnings • Feb 10
Full year 2022 earnings released Full year 2022 results: Net income: US$31.9m (down 55% from FY 2021). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Shipping industry in Europe. Announcement • Feb 08
2020 Bulkers Ltd. Approves Cash Distribution for January 2023, Payable on or About February 28, 2023 The Board of 2020 Bulkers Ltd. approved a cash distribution of USD 0.01 per share for January 2023. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: February 20, 2023. Record date: February 21, 2023. Payment date: On or about February 28, 2023.. Board Change • Feb 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 10
2020 Bulkers Ltd. Announces Cash Distribution for December 2022, Payable on or About January 31, 2023 The Board of 2020 Bulkers Ltd. approved a cash distribution of USD 0.09 per share for December 2022. The distribution will be made from the company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Ex-date: January 20, 2023. Record date: January 23, 2023. Payment date: On or about January 31, 2023. Recent Insider Transactions • Dec 26
Chief Financial Officer recently bought kr1.1m worth of stock On the 19th of December, Vidar Hasund bought around 12k shares on-market at roughly kr87.50 per share. This transaction increased Vidar's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Vidar's only on-market trade for the last 12 months. Upcoming Dividend • Dec 13
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 30 December 2022. Payout ratio and cash payout ratio are on the higher end at 98% and 98% respectively. Trailing yield: 30%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (12%). Upcoming Dividend • Nov 16
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 30 November 2022. Payout ratio and cash payout ratio are on the higher end at 98% and 98% respectively. Trailing yield: 30%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (12%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 13
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 29 September 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 86% respectively. Trailing yield: 33%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (12%). Recent Insider Transactions • Sep 03
Chairperson of the Board recently bought kr4.5m worth of stock On the 1st of September, Lars Halvorsen bought around 50k shares on-market at roughly kr89.79 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: US$0.54 (vs US$0.77 in 2Q 2021) Second quarter 2022 results: EPS: US$0.54 (down from US$0.77 in 2Q 2021). Revenue: US$22.8m (down 20% from 2Q 2021). Net income: US$12.0m (down 30% from 2Q 2021). Profit margin: 53% (down from 60% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to decline by 17% while the Shipping industry in the United Kingdom is not expected to grow. Upcoming Dividend • Jul 14
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 29 July 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 86% respectively. Trailing yield: 28%. Within top quartile of British dividend payers (5.3%). Higher than average of industry peers (11%). Upcoming Dividend • Jun 14
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 30 June 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 86% respectively. Trailing yield: 24%. Within top quartile of British dividend payers (5.0%). Higher than average of industry peers (11%). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.27 (vs US$0.26 in 1Q 2021) First quarter 2022 results: EPS: US$0.27 (up from US$0.26 in 1Q 2021). Revenue: US$16.8m (down 1.2% from 1Q 2021). Net income: US$5.90m (up 1.7% from 1Q 2021). Profit margin: 35% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 16% compared to a 18% growth forecast for the industry in the United Kingdom. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 29 April 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 78% respectively. Trailing yield: 24%. Within top quartile of British dividend payers (4.5%). Higher than average of industry peers (9.9%). Announcement • Apr 08
2020 Bulkers Ltd. Approves Cash Distribution for March 2022 The Board of 2020 Bulkers Ltd. has approved a cash distribution of $0.12 per share for March 2022. The distribution will be made from the Company's ContributedSurplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Last day including right: April 19, 2022. Ex-date: April 20, 2022. Record date: April 21, 2022. Payment date: On or about April 29, 2022. Upcoming Dividend • Mar 11
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 18 March 2022. Payment date: 29 March 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 78% respectively. Trailing yield: 22%. Within top quartile of British dividend payers (4.7%). Higher than average of industry peers (6.4%). Announcement • Mar 10
2020 Bulkers Ltd Approves February 2022 Cash Distribution, Payable on or About March 29, 2022 The Board of 2020 Bulkers Ltd. has approved a cash distribution of USD 0.08 per share for February 2022. Ex-date is March 18, 2022. Record date is March 21, 2022. Payment date is on or about March 29, 2022. Announcement • Mar 03
2020 Bulkers Ltd Announces Management Changes 2020 Bulkers Ltd. announced the retirement of Ms. Georgina Sousa as a Director and Company Secretary. The Board would like to thank Ms. Sousa for her great contribution to the Company, serving as Director and Company Secretary of the Company since February 2019. The Board would also like to take the opportunity to welcome Ms. Mi Hong Yoon who has been appointed to the Board of the Company on March 1, 2022 and will succeed Ms. Sousa as Company Secretary. Ms. Yoon was employed by Digicel Bermuda, as Chief Legal, Regulatory and Compliance Officer from March 2019 until February 2022 and served as Senior Legal Counsel of Telstra Corporation Limited's global operations in Hong Kong and London from 2009 to 2019. Announcement • Feb 08
2020 Bulkers Ltd Declares January 2022 Cash Distribution, Payable on or About February 28, 2022 2020 Bulkers Ltd. announced that the Board has approved a cash distribution of USD 0.06 per share for January 2022. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the company's Share Premium account. Ex-date: February 17, 2022, Record date: February 18, 2022, Payment date: On or about February 28, 2022 and Date of approval: February 7, 2022. Reported Earnings • Jan 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.19 (up from US$0.50 in FY 2020). Revenue: US$115.9m (up 137% from FY 2020). Net income: US$70.8m (up US$59.7m from FY 2020). Profit margin: 61% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is expected to shrink by 19% compared to a 29% growth forecast for the industry in the United Kingdom. Board Change • Jan 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Director & Secretary Georgina Sousa is the most experienced director on the board, commencing their role in 2019. Independent Director Alexandra Blankenship was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Upcoming Dividend • Nov 12
Upcoming dividend of US$0.49 per share Eligible shareholders must have bought the stock before 19 November 2021. Payment date: 29 November 2021. Trailing yield: 20%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr106, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Shipping industry in Europe. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.97 (vs US$0.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$31.2m (up 99% from 3Q 2020). Net income: US$21.6m (up 350% from 3Q 2020). Profit margin: 69% (up from 31% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Upcoming Dividend • Oct 12
Upcoming dividend of US$0.39 per share Eligible shareholders must have bought the stock before 19 October 2021. Payment date: 28 October 2021. Trailing yield: 14%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.0%). Announcement • Sep 24
2020 Bulkers Ltd announced that it has received funding 2020 Bulkers Ltd announced that it has issued 50,000 common shares on September 22, 2021.